Freddie Mac · OTC:FMCC
Freddie Mac — Federal Home Loan Mortgage Corp (Fmcc, Fmccg, Fmcci, Fmccj, Fmccl, Fmccn, Fmcco, Fmccs, Fmcct, Fmcki, Fmckl, Fmckn, Frejn, Frejo) — Q2 2021 Earnings Presentation
15 slides from Freddie Mac's earnings presentation, Jul 29, 2021
Slide 1: Second Quarter 2021 Financial Results Supplement
© Freddie Mac Second Quarter 2021 Financial Results Supplement July 29, 2021 Exhibit 99.2
Slide 2: Financial Highlights
© Freddie Mac 2 Financial Highlights $4.1 $5.1 $5.0 $5.3 $5.9 $1.8 $2.5 $2.9 $2.8 $3.7 $1.9 $2.4 $2.5 $2.4 $3.6 Net revenues Net income Comprehensive income 2Q20 3Q20 4Q20 1Q21 2Q21 Net revenues, net income, and comprehensive income $ Billions ▪ Net income of $3.7 billion and comprehensive income of
Slide 3: Total Portfolio Balances
© Freddie Mac 3 $349 $345 $345 $339 $284 $194 $198 $182 $174 $113 $155 $147 $163 $165 $171 Mortgage-related investments portfolio Other investments portfolio 06/30/20 09/30/20 12/31/20 03/31/21 06/30/21 $2,415 $2,545 $2,714 $2,852 $2,962 $2,061 $2,179 $2,326 $2,458 $2,564 $354 $366 $388 $394 $398 Si
Slide 4: Percentage of Loans in Forbearance
© Freddie Mac 4 Multifamily7Single-Family6 Percentage of Loans in Forbearance 0.02% 1.26% 1.28% Forbearance Period Repayment Period Total 0.26% 0.09% 0.08% 0.26% 0.98% 1.67% Current One Month Two Months Three Months to Six Months Greater Than Six Months Total Percentage of loans in the single-family
Slide 5: Conservatorship Matters
© Freddie Mac 5 Conservatorship Matters Due to changes to the terms of the senior preferred stock pursuant to the January 2021 Letter Agreement, Freddie Mac will not be required to pay a dividend to Treasury until it has built sufficient capital to meet the capital requirements and buffers set forth
Slide 6: Key Economic Indicators
© Freddie Mac 6 (4,333,000) 1,342,000 213,000 518,000 567,000 11.1% 7.8% 6.7% 6.0% 5.9% Average monthly net new jobs (non-farm) National unemployment rate (as of the last month in each quarter) 2Q20 3Q20 4Q20 1Q21 2Q21 Key Economic Indicators National home prices increased by an average of 19.0% ove
Slide 7: Single-Family Financial Highlights and Key Metrics
© Freddie Mac 7 1.47% 1.08% 1.01% 0.73% 0.73% 1.66% 0.50% 0.38% 0.27% 0.21% 2.48% 3.04% 2.64% 2.34% 1.86% One month past due Two months past due Seriously delinquent 2Q20 3Q20 4Q20 1Q21 2Q21 $2,061 $2,179 $2,326 $2,458 $2,564 2Q20 3Q20 4Q20 1Q21 2Q21 $232 $337 $383 $362 $288 $60 $101 $109 $89 $98 $1
Slide 8: Single-Family Loan Purchase Credit Characteristics
© Freddie Mac 8 72% 71% 70% 69% 71% 2Q20 3Q20 4Q20 1Q21 2Q21 26% 30% 28% 25% 34% 18% 16% 18% 20% 23% 56% 54% 54% 55% 43% Home purchase Cash-out refinance Other refinance 2Q20 3Q20 4Q20 1Q21 2Q21 758 761 761 759 754 2Q20 3Q20 4Q20 1Q21 2Q21 10% 10% 10% 10% 11% 2Q20 3Q20 4Q20 1Q21 2Q21 New business ac
Slide 9: Single-Family Credit Risk Transfer
© Freddie Mac 9 UPB covered by new CRT issuance $ Billions $1 $168 $167 $245 $174 2Q20 3Q20 4Q20 1Q21 2Q21 Mortgage portfolio with credit enhancement UPB in $ Billions $1,069 $1,108 $1,152 $1,230 $1,255 52% 51% 50% 50% 49% UPB Percentage 06/30/20 09/30/20 12/31/20 03/31/21 06/30/21 Single-Family Cre
Slide 10: Multifamily Financial Highlights and Key Metrics
© Freddie Mac 10 Acquisitions of units by area median income (AMI) (% of eligible units acquired) 34% 39% 33% 43% 43% 37% 31% 38% 34% 34% 24% 26% 25% 20% 20% 5% 4% 4% 3% 3% ≤60% >60% to ≤80% >80% to ≤120% >120% 2Q20 3Q20 4Q20 1Q21 2Q21 69% 66% 70% 69% 68% 2Q20 3Q20 4Q20 1Q21 2Q21 1.36 1.42 1.38 1.38
Slide 11: Multifamily Key Metrics, continued
© Freddie Mac 11 Guarantee activities $ Billions $12 $21 $26 $21 $18 2Q20 3Q20 4Q20 1Q21 2Q21 $20 $18 $35 $14 $13 2Q20 3Q20 4Q20 1Q21 2Q21 Multifamily Key Metrics, continued New business activity2 $ Billions New business activity includes LIHTC new business activity.
Slide 12: Multifamily Mortgage Portfolio Metrics
© Freddie Mac 12 0.10% 0.15%0.25% 1.56% 1.28% 0.08% Freddie Mac (60+ day) FDIC insured institutions (90+ day) MF CMBS market (60+ day) ACLI investment bulletin (60+ day) 2Q20 3Q20 4Q20 1Q21 2Q21 $354 $366 $388 $394 $398 2Q20 3Q20 4Q20 1Q21 2Q21 Multifamily market and Freddie Mac delinquency rates7 M
Slide 13: Housing Market Support
© Freddie Mac 13 81 94 52 38 27 — 94 74 50 55 7 6 7 6 6 Forbearance agreements Payment deferrals Other 2Q20 3Q20 4Q20 1Q21 2Q21 Number of families Freddie Mac helped to own or rent a home10 In Thousands Housing Market Support 1,028 1,338 1,598 1,365 1,160 609 813 936 940 708 218 340 356 291 315 201
Slide 14: Endnotes
© Freddie Mac 14 Endnotes 1 Based on unpaid principal balances (UPB) of securitized mortgage loans, unsecuritized mortgage loans, and other, which primarily consists of mortgage-related guarantees. 2 The company’s Purchase Agreement with Treasury limits the amount of mortgage assets the company can
Slide 15: Safe Harbor Statements
© Freddie Mac 15 Safe Harbor Statements Freddie Mac obligations Freddie Mac’s securities are obligations of Freddie Mac only. The securities, including any interest or return of discount on the securities, are not guaranteed by and are not debts or obligations of the United States or any federal age